Australia and New Zealand Banking (ANZ), one of Australia’s big four banks, has conducted an AUS$30 million stablecoin transaction. Victor Smorgon Group, a boutique investment manager, made a payment to the Zerocap digital asset exchange. After ANZ minted 30 million A$DC coins, the stablecoin was used for the transaction and redeemed back into fiat currency.
“An ANZ issued Australian dollar stablecoin is a first and important step in enabling our customers to find a safe and secure gateway to the digital economy,” said ANZ Banking Services Lead Nigel Dobson.
“Stablecoins are a new way for customers to transact and in this case was an efficient and direct way for Victor Smorgon Group to access Zerocap’s digital asset exchange and move funds across a decentralised network.”
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